Briefing on the House of Lords Economic Affairs Finance Bill Sub-Committee

What’s the role of the committee?

The Economic Affairs Committee (EAC) has a wide remit from the House of Lords to look into economic issues. Unlike our Commons counterparts Lords Committees don’t mirror government departments so we have the flexibility to focus on topical issues across the economic board. In recent years we have reported on for example the economic implications of immigration the audit market Scottish independence and corporate taxation. The current inquiry is into the economic impact of shale gas and oil. All our reports aim to contribute to public debate influence government policy and help shape legislation.

Most years since 2003 the EAC also sets up a Finance Bill Sub-Committee (FBSC) to look into selected aspects of the forthcoming Finance Bill. The FBSC’s...